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<h1>SEBI Repeals 1993 Underwriters Regulations; Existing Actions and Liabilities Remain Unaffected Under New 2021 Rules.</h1> The Securities and Exchange Board of India (SEBI) issued the Underwriters (Repeal) Regulations, 2021, effectively repealing the SEBI (Underwriters) Regulations, 1993. This repeal, effective upon publication in the Official Gazette, results in the surrender of registration certificates granted under the 1993 regulations. However, the repeal does not affect any actions previously taken, rights or liabilities incurred, or penalties imposed under the 1993 regulations. Ongoing investigations, legal proceedings, or enforcement actions related to the repealed regulations may continue as though the regulations were still in effect.